Forget the market? Warren Buffett’s advice to young investors: “You want to hang out with…”
Warren Buffett, CEO of Omaha-based investment giant Berkshire Hathaway, shared important life lessons and advice for young investors to come. However, this suggestion does not involve where people should invest money. wealthciting Buffett, who was the shareholders' meeting on May 3, 2025.
Warren Buffett suggested that the company's board of directors make Greg Abel the next CEO of Berkshire Hathaway after he decided to resign after 60 years of service.
Buffett’s advice does not involve any strategy for investing in the market or any long-term investment prospects when sharing his life lessons and some key advice for young investors.
“Who is very important to interact with, don't expect you to make all your decisions,” the 94-year-old value investor said. “You will develop your life in the general direction of the people you work with and become your friend.”
Who should you hang out with?
Warren Buffett uses his 60 years of experience to suggest that young investors should hang out with people better than you, rather than follow someone and try to copy their work.
“Some people make you want to be better than you, you want to hang out with people who are better than you, you feel you are better than you,” Buffett said. “He replied to his advice to young investors.
Buffett stressed that, according to the news portal report, he himself tried to be with smart people he could learn and suggested that we should refund any help others have provided to us.
“So you get the complexity of good intentions and good behavior, and unfortunately you get the reverse in your life,” Buffett said at the meeting.
Professional warning
Warren Buffett also asked people to find a career they would still pursue if they didn’t need the money that followed. He also advises staying away from people who often tell you to do things you shouldn't.
“You really want something you need if you need money,” the value investor quoted in the news report said.
He also highlighted the importance of staying curious and reading a lot to learn more.
“You really want to work on something you like,” Buffett said at a shareholders' meeting on Saturday.
He also advises employees to be “careful” where they work because they can adopt the work habits of colleagues. Buffett stressed that this is more important than other issues, such as lower starting wages.
“If you find someone you work with, that's where to go,” Buffett said at the meeting.
